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OPGEN INC - OPGN STOCK NEWS

Welcome to our dedicated page for OPGEN news (Ticker: OPGN), a resource for investors and traders seeking the latest updates and insights on OPGEN stock.

OpGen, Inc. (NASDAQ: OPGN) is a leader in the field of precision medicine, leveraging advanced molecular diagnostics and bioinformatics to address the pressing issue of infectious diseases. By utilizing their expansive Acuitas Lighthouse® knowledgebase, which contains pathogen data from around the globe, OpGen aims to revolutionize the management of infectious diseases and combat antibiotic resistance.

The company's core offerings include CLIA-certified clinical laboratory services that provide rapid detection and analysis of antibiotic resistance, as well as high-resolution microbial sequence analysis. Their FDA-cleared IVD products are instrumental in identifying pathogens in positive blood cultures swiftly and accurately.

OpGen's groundbreaking products and services are designed to guide healthcare professionals by providing rapid and actionable information about life-threatening infections. This ultimately helps to improve patient outcomes and reduce the spread of infections caused by multi-drug resistant organisms (MDROs). The company’s proprietary DNA tests and informatics tools are pivotal in optimizing care decisions for patients with acute infections.

Among its innovative solutions are the Unyvero platform and the ARES Technology Platform, which includes ARESdb, NGS technology, and AI-powered bioinformatics solutions such as ARESiss, ARESid, ARESasp, and AREScloud. These technologies collectively enhance the ability to predict antibiotic responses and manage infectious threats effectively.

OpGen also collaborates with its subsidiaries, Curetis GmbH and Ares Genetics GmbH, albeit both subsidiaries are currently undergoing insolvency proceedings under German and Austrian laws, respectively. Despite these challenges, OpGen continues to focus on developing and commercializing comprehensive molecular microbiology solutions.

Recent achievements of OpGen include the introduction of new features in their AREScloud technology, the announcement of their second and third-quarter financial results for 2023, and ongoing adjustments to their corporate strategy to navigate the dynamic healthcare landscape.

For more detailed information about the company and its latest developments, visit www.opgen.com.

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OpGen reported a preliminary Q3 2020 revenue of approximately $1.0 million, up from $648,000 in Q3 2019. The company is prioritizing its Unyvero platform and bioinformatics solutions, anticipating FDA clearance for the Acuitas AMR Gene Panel for isolates. It aims to expand the Unyvero platform to address complicated urinary tract infections and invasive joint infections. However, it plans to discontinue the Acuitas AMR Gene Panel clinical trial and the FISH product line by mid-2021. OpGen maintains a strong balance sheet with $10.4 million in cash as of September 30, 2020.

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OpGen has issued a formal response to the FDA’s AI Requests for the Acuitas AMR Gene Panel pre-market submission, addressing all inquiries raised by the agency. Originally submitted in May 2019, the response was delayed due to COVID-19. The panel aims to detect over 40 diagnostic targets and is critical for addressing antimicrobial resistance in hospitals. OpGen anticipates swift FDA clearance and broader commercial availability in the U.S. to assist in tracking hospital superbugs, as it is already used in a New York State Department of Health collaboration.

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OpGen, Inc. (Nasdaq: OPGN) announced a German Federal Government grant awarded to its subsidiary, Curetis GmbH, in collaboration with Jena University Hospital. This project focuses on developing AI-based assays for detecting carbapenem-resistance in Gram-negative bacteria, utilizing over 350,000 Euros in funding. Set to run from September 2020 to August 2025, the initiative targets improving diagnostics for challenging pathogens like Enterobacteria and Pseudomonas. The project aims to enhance detection of resistance mechanisms inadequately covered by current methods, promoting innovative approaches against antimicrobial resistance.

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OpGen has announced the successful completion of a clinical study of its Unyvero HPN panel, aimed at detecting bacterial co-infections in COVID-19 pneumonia patients. Conducted in collaboration with Karolinska Institutet, the study demonstrated a remarkable 99.8% negative predictive value and reduced diagnostic turnaround times from days to less than 5 hours. The study involved 83 samples from 68 ICU patients, emphasizing the Unyvero HPN panel's potential for early diagnosis and effective antimicrobial stewardship in critically ill patients. This tool is essential for managing bacterial pneumonia co-infections among COVID-19 patients.

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OpGen announced the successful completion of a clinical study for its Unyvero Hospitalized Pneumonia (HPN) panel, which rapidly detects bacterial co-infections in COVID-19 patients. The study showed a high negative predictive value of 99.8% and significantly reduced diagnostic turnaround time from days to under 5 hours. This advancement aids in early detection and supports antimicrobial stewardship, particularly crucial for high-risk patients. The study involved 83 samples from 68 subjects, highlighting the panel's efficacy in identifying critical pathogens often missed by traditional methods.

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OpGen, Inc. (Nasdaq: OPGN) has shifted its 2020 Annual Meeting of Stockholders to its corporate headquarters in Gaithersburg, Maryland, amid ongoing COVID-19 health considerations. The meeting is scheduled for September 30, 2020, at 10 a.m. ET. Stockholders of record as of August 17, 2020, can vote until September 29, 2020. Attendees must notify the company by September 28 and adhere to health guidelines. OpGen specializes in molecular diagnostics and aims to improve patient outcomes in infectious disease treatment. For more details, visit their official website or SEC filings.

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OpGen, Inc. (Nasdaq: OPGN) announced a peer-reviewed study from Ares Genetics and Johns Hopkins University on the modifiable risk factors for ceftolozane-tazobactam resistance in P. aeruginosa, published in Clinical Infectious Diseases. The study highlights the effectiveness of Next-Generation Sequencing (NGS) in understanding resistance mechanisms and suggests potential strategies to mitigate such resistance. Dr. Andreas Posch emphasized the diagnostic value of NGS and the potential for rapid antimicrobial susceptibility testing.

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OpGen, Inc. (Nasdaq: OPGN) announced that its subsidiary, Ares Genetics, has been nominated for the 40th Austrian Innovation Award for its ARESupa – Universal Pathogenome Assay. This AI-powered molecular antibiotic susceptibility test is recognized among six finalists. The award highlights innovations that strengthen Austria's competitiveness amidst the COVID-19 crisis. ARESupa leverages whole-genome sequencing and ARESdb, a proprietary database covering over 55,000 bacterial strains. This award follows ARESupa's previous recognition with the MERCUR Innovation Award in Life Sciences.

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OpGen (Nasdaq: OPGN) announced the results of a peer-reviewed study demonstrating the clinical utility of its Unyvero LRT Panel for pneumonia diagnosis. The study, published in the Journal of Diagnostic Microbiology & Infectious Disease, showed a high negative predictive value of 97.9%, enabling a 65.9% rate of antibiotic de-escalation when MRSA or Pseudomonas aeruginosa are absent. The panel identifies critical pathogens missed by traditional cultures, potentially improving antibiotic stewardship in hospitalized patients.

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FAQ

What is the current stock price of OPGEN (OPGN)?

The current stock price of OPGEN (OPGN) is $1.5 as of November 22, 2024.

What is the market cap of OPGEN (OPGN)?

The market cap of OPGEN (OPGN) is approximately 4.3M.

What does OpGen, Inc. specialize in?

OpGen, Inc. specializes in precision medicine, utilizing molecular diagnostics and bioinformatics to manage infectious diseases and combat antibiotic resistance.

What are the core products and services of OpGen?

OpGen offers CLIA-certified clinical laboratory services, FDA-cleared IVD products, and proprietary DNA tests. Their platforms include Unyvero and ARES Technology.

How does OpGen contribute to combating antibiotic resistance?

OpGen's molecular diagnostics and informatics tools provide rapid and actionable information to healthcare providers, helping to optimize care decisions and combat antibiotic resistance.

What is the Acuitas Lighthouse® knowledgebase?

The Acuitas Lighthouse® knowledgebase is a comprehensive database of pathogen information from around the world, used by OpGen to develop advanced diagnostic solutions.

What recent achievements has OpGen announced?

Recent achievements include new features in AREScloud technology and the release of their second and third-quarter financial results for 2023.

Who are OpGen's subsidiaries?

OpGen's subsidiaries include Curetis GmbH and Ares Genetics GmbH, both involved in developing molecular microbiology solutions.

What is the purpose of the Unyvero platform?

The Unyvero platform provides rapid identification of pathogens in positive blood cultures, aiding in the diagnosis and treatment of infections.

What are the ARES Technology Platform components?

The ARES Technology Platform includes ARESdb, NGS technology, and AI-powered bioinformatics solutions like ARESiss, ARESid, ARESasp, and AREScloud.

Where is OpGen, Inc. located?

OpGen, Inc. is headquartered in Rockville, Maryland, USA.

How can I get more information about OpGen, Inc.?

For more information, you can visit OpGen's official website at www.opgen.com.

OPGEN INC

Nasdaq:OPGN

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